The Fed’s Interest Rate Decision Is Coming Soon, How Will EURUSD Behave?

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The Fed’s interest rate decision is imminent this week. In order to curb high inflation, the market expects the Fed may raise interest rates by at least 75bps, or even 100bps, which will continue to push the dollar higher. And European Central Bank President Christine Lagarde also said that interest rates may be raised to combat high inflation. However, HSBC economists believe that the risk of recession and rising inflation in the euro zone have heightened market concerns. Coupled with the strengthening of the dollar, EURUSD are expected to fall below this year’s lows in the next few weeks.

Trends in EURUSD can pay attention to…

-Latest news on the Russian-Ukrainian war
9/21
-22:00 Annualized Total U.S. Existing Home Sales (August)
9/22
-02:00 FED Interest Rate Decision
-19:00 BOE Interest Rate Decision
-20:30 US Unemployment Claims for the week ending 9/17
-22:00 Conference Board Leading Indicator (MoM) (August)
9/23
-21:45 US Markit Manufacturing PMI Initial Value (September)
-21:45 US Markit Service PMI Initial Value (September)
Which will affect the trend in EURUSD. Investors must grasp the opportunity to make an order.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.

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